Historic Mixed-Use
For Sale
$1,750,000
5611 6th Ave, Kenosha, WI 53140
Three-story property with leased restaurant and boutique space, updated building systems, and loft-style upper floors.
Property Size11,613 SF
Price / SF$150.69
Days on Market51
Property Features for 5611 6th Ave
General Information
Standard status
Active
Size
11,613 SF
Site & Location
Corner Location
Yes
Road Access
Yes
Utilities to Site
Yes
Restaurant
Patio
Yes
Equipment Included
No
Amenities
outdoor patio seating
soaring ceilings
original architectural details
open loft layouts
Building Details
Year Built
1880
Buildings
1
Stories
3
Construction
terracotta
Tenancy
Multi
Listing Agency:
Standard Real Estate Services, LLC
Listed By:
Christopher Michala · License #91937740
(414) 817-4250
Source:
Jwregwi
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 7 at 5:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Standard Real Estate Services, LLC
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Investment Insights
Based on property information with market context.
Built in 1880, this 11,613-square-foot mixed-use building spans three stories and combines historic architectural character with updated core systems. The first floor contains two fully leased commercial units: a restaurant with outdoor patio seating and an independent boutique. Electrical, plumbing, HVAC, and roofing improvements support the building’s current operation.
The second and third floors provide open loft layouts with soaring ceilings and original architectural details. The property occupies the intersection of Main & 56th at 5611 6th Ave in Kenosha, directly along the vintage streetcar line and near Lake Michigan’s harbors, beaches, and downtown amenities.
The second and third floors provide open loft layouts with soaring ceilings and original architectural details. The property occupies the intersection of Main & 56th at 5611 6th Ave in Kenosha, directly along the vintage streetcar line and near Lake Michigan’s harbors, beaches, and downtown amenities.
Key Highlights
- 11,613‑square‑foot, three‑story mixed‑use building constructed in 1880
- Two fully leased first‑floor commercial units
- Restaurant space includes outdoor patio seating and has an 18‑year history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,683
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,953,660
$3.0M
Cap Rate 7%
$2,109,757
$2.1M
Cap Rate 9%
$1,640,922
$1.6M
Market Conditions
NOI Build-Up for 11,613 SF
Gross rent
$209.0K $18.00/SF
− Vacancy
−$12.1K −$1.04/SF
EGI
$196.9K $16.96/SF
− OpEx
−$49.2K −$4.24/SF
NOI
$147.7K $12.72/SF
Area
Kenosha County, WI
Vacancy
5.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,953,660
Cap Rate 7%
$2,109,757
Cap Rate 9%
$1,640,922
Alternative Uses
Best Use
Specialty Retail
$2.11M
$1.85M – $2.46M
NOI $147,683 @ 7.0% cap · market cap 8.44%
Second Best
Mixed Use
$2.06M
$1.80M – $2.40M
NOI $144,233 @ 7.0% cap · market cap 8.24%
Theoretical Best
Warehouse
$13.52M
$11.83M – $15.77M
NOI $946,413 @ 7.0% cap · market cap 54.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,451
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 75%
Shops & Services 25%
Wendy's
Dining
13,679 visits/mo
0.3 miles
Shell
Shops & Services
4,908 visits/mo
0.3 miles
SUBWAY
Dining
4,041 visits/mo
0.1 miles
BMO Harris Bank
Shops & Services
958 visits/mo
0.2 miles
Demographics for 53140, WI
30,571
Population
14,065
Households
2.2
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
7.9 sq mi
ZIP Area
3,870
Density / Sq Mi
$56,803
Median Household Income
$34,154
Median Earnings
$1,018
Median Rent
$191,400
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story property with leased restaurant and boutique space, updated building systems, and loft-style upper floors.
Where is this mixed-use property located?
The property is located at 5611 6th Ave Kenosha, WI.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 11,613‑square‑foot, three‑story mixed‑use building constructed in 1880; Two fully leased first‑floor commercial units; Restaurant space includes outdoor patio seating and has an 18‑year history
